TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK


TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

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Rate last updated: 02/01/2014 11:15:04 AM

Daily Business News Flash November 26, 2023

Bangladesh 5 notches up on anti-money laundering index

Bangladesh has improved in the Basel Anti Money Laundering (AML) Index 2023, going up five notches to the 46th. The report attributes Bangladesh’s improved ranking to increased transparency in the financial sector and improved anti-money laundering and counter-terrorism financing frameworks. The report also cites the Bangladesh government’s high-level political commitment, inter-agency coordination, and financial and human resource investment in AML/CTF efforts. According to the Mutual Evaluation Report of the Asia/Pacific Group on Money Laundering, Bangladesh has complied with eight of the Financial Action Task Force’s 40 recommendations, largely complied with 27, and partially complied with five.

Source: https://www.tbsnews.net/economy/bangladesh-improves-5-places-anti-money-laundering-index-743190

DBL Group opens yarn mill investing $80m

DBL Group started running a new spinning mill named Jinnat Textile Mills Ltd from Thursday with a daily production capacity of 42 tonnes of yarn, all out of cotton and manmade fibres (MMF) and for use by its own garment factories. The textile and garment exporter invested $80 million to establish the factory on 15 acres of land inside the 170-acre DBL Industrial Park, also known as Shreehatta Economic Zone, in Moulvibazar. Although the group already has three spinning mills, it currently has to source 42 tonnes of yarn a day from other mills to make garments. The group wants to export quality garments timely and for this reason it made the investment, which may increase its export earnings by 5 percent a year. The group’s total export earnings from garment shipments last year amounted to $450 million.

Source: https://www.thedailystar.net/business/news/dbl-opens-yarn-mill-investing-80m-3478611

 World Bank to give $1.1b for 5 projects

The World Bank (WB) is going to finance a total of $1,112 million against five projects for the sustainable development of Bangladesh. Five financing agreements were signed between Bangladesh and the World Bank at the Economic Relations Division (ERD) office at the Sher-e-Bangla Nagar in the capital. Bangladesh and the WB have a strong partnership focused on achieving the country’s vision of upper middle-income status by 2031 and higher income status by 2041. These projects are aligned with the Eighth Five-Year Plan 2021-2025 and support the country’s graduation from LDC status in 2026 and Vision 2041. According to the agreements, the WB will finance $210 million for the “Bangladesh Enhancing Investments and Benefits for Early Years Project. A further $102 million will be used for the “Jamuna River Sustainable Management Project 1.

Source: https://www.thedailystar.net/business/news/wb-give-11b-5-projects-3477166

Local and Global Stock Indices *

Index NameClose ValueValue ChangePercentage Change
DJIA$ 35,390.15
↑ 117.12↑ 0.33 %
FTSE100$ 7,488.20↑ 4.62↑ 0.06 %
Nikkei 225$ 33,625.53↑ 173.70↑ 0.52 %

World Commodities *

CommodityClose ValueValue ChangePercentage Change
Crude Oil (WTI)$ 75.54 ↓ 1.56 ↓ 2.02 %
Crude Oil (Brent)$ 80.58 ↓ 0.84↓ 1.03 %
Gold Spot$ 2,000.82↑ 8.57↑ 0.43 %

Major Currencies Exchange Rates Movement in Last Seven Days *

Exchange Rates
USD 1BDT 111.0000
BDT 111.0000

*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<

* Exchange Rates are taken from BB website, as on latest update.<




Dear Valued Patrons,

At the very onset, let me express my heartiest gratitude for allowing us to serve you and I also wanted to reach out to you directly with an assurance that Dhaka Bank is fully equipped to support you during this difficult time.

Last couple of weeks ago we all were living in a peaceful condition, performing our daily tasks freely and perfectly. Entire economy and business environment was also in a good shape, until COVID-19 put a forceful stoppage to the overall life style and economy of the world. We all know that social distancing and cleanliness are the keys to prevent this pandemic. Hence, we urge your conscious effort to limiting public interaction and suspending wherever possible.

In this current situation, Dhaka Bank and its employees are beside you where we are fully online, either working from home or at our offices under a robust Business Continuity Plan (BCP) to serve you with limited branch banking and a full-fledged alternate delivery channel services.

Our state of the art Mobile App, Dhaka Bank GO (Click https://bit.ly/2WVfieu) and Internet Banking - Dhaka Bank Direct gives you the freedom of banking online anytime from anywhere. You can check the balance and transfer money to any designated Banks including any Dhaka Bank or bKash Account, make utility bill payments and mobile top-up through our Mobile App and Internet Banking Services. Our ATMs are also running efficiently with availability of sufficient cash for your convenience where you can make cash withdrawals whenever the need arises. Mentionable, the withdrawal of cash from any ATMs within Bangladesh with Dhaka Bank Debit Cards are absolutely free of charges up till April 30, 2020 (Dhaka Bank will bear the cost). Our corporate customers can also use our completely safe and secured online platform Dhaka Bank C-Solution for Payments, Inter Bank Fund Transfers, etc.

Moreover, to fulfill your urgent requirement, we have a limited no. of branches up and running by ensuring all kinds of precautionary and safety measures for you.

In case of extreme emergency and facing difficulties in conducting banking transactions, please let us know through our 24/7 Contact Center number 16474 (or, dial +8809678016474 for ISD/Overseas Calls). We are always with you to combat your difficulties.

As you know we are going through a critical phase and the situation is novel to all of us. We are getting lot of new information from various sources everyday about COVID-19 which will be shared at www.dhakabankltd.com.

Thank you for your trust and continued support to us. I firmly believe that jointly we will be able to combat this situation and win against all the odds.

Please stay home, stay safe and take care of yourself and family.

Best regards,

Emranul Huq
Managing Director & CEO
Dhaka Bank Limited